41,755 Shares in Monro, Inc. (NASDAQ:MNRO) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Monro, Inc. (NASDAQ:MNRO - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 41,755 shares of the auto parts company's stock, valued at approximately $1,205,000. Intech Investment Management LLC owned 0.14% of Monro as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MNRO. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Monro during the third quarter worth $515,000. GSA Capital Partners LLP increased its position in shares of Monro by 100.9% during the third quarter. GSA Capital Partners LLP now owns 126,432 shares of the auto parts company's stock worth $3,649,000 after acquiring an additional 63,506 shares in the last quarter. D.B. Root & Company LLC raised its holdings in shares of Monro by 7.0% in the 3rd quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company's stock worth $411,000 after acquiring an additional 927 shares during the last quarter. Pullen Investment Management LLC lifted its position in Monro by 9.9% in the 3rd quarter. Pullen Investment Management LLC now owns 48,757 shares of the auto parts company's stock valued at $1,407,000 after acquiring an additional 4,391 shares in the last quarter. Finally, Creative Planning boosted its stake in Monro by 22.5% during the 3rd quarter. Creative Planning now owns 14,700 shares of the auto parts company's stock valued at $424,000 after purchasing an additional 2,701 shares during the last quarter.

Analyst Ratings Changes

Separately, Stephens assumed coverage on Monro in a research note on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 price objective for the company.

Monro Price Performance

Shares of NASDAQ:MNRO opened at $27.73 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.21 and a debt-to-equity ratio of 0.47. The stock has a market cap of $830.51 million, a PE ratio of 31.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.11. The stock's fifty day simple moving average is $27.97 and its two-hundred day simple moving average is $26.15. Monro, Inc. has a 1-year low of $21.00 and a 1-year high of $33.98.

Monro (NASDAQ:MNRO - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.08). Monro had a net margin of 2.24% and a return on equity of 4.77%. The firm had revenue of $301.39 million for the quarter, compared to the consensus estimate of $300.06 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm's revenue for the quarter was down 6.4% on a year-over-year basis. As a group, analysts forecast that Monro, Inc. will post 0.83 EPS for the current fiscal year.

Monro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a $0.28 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.04%. Monro's payout ratio is presently 128.74%.

Monro Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.